Slide 1: Carrefour H1 and Q2 2011 sales
Carrefour H1 and Q2 2011 sales 13 July 2011
Slide 2: H1 and Q2 sales highlights: Growth driven by emerging markets
H1 and Q2 sales highlights: Growth driven by emerging markets Sales growing overall in H1: – Total sales incl. petrol, VAT and currencies of €44.6bn: +2.7% (Q2: €22.4bn, +1.6%) – Sales ex petrol at constant exchange rates: +1.4% (Q2: +2.1%) – Slight increase in ex-petrol LFL : +0.1% (Q2: +0.9%) Weak
Slide 3: H1 sales growth of +1.4% ex-petrol at constant exchange rates
H1 sales growth of +1.4% ex-petrol at constant exchange rates H1 sales inc. VAT at current H1 sales inc. VAT at constant exchange rates (€m) exchange rates (€m) 2010 43,372 2010 43,372 Inc. Petrol +2.7% +2.5% 2011 44,556 2011 44,458* 2010 39,327 2010 39,327 Ex. Petrol +1.6% +1.4% 2011 39,954 2011 39
Slide 4: Positive sales growth overall in first half
Positive sales growth overall in first half Change in H1 2011 sales, excluding petrol, adjusted for calendar impact (index H1 2010 = 100; % change) 0.0 0.2 101.6 101.4 1.3 0.1 100 Calendar H1 2011 Like sq.m & H1 2011 H1 2010 impact const. FX Fx impact for like acquisitions current FX adjustment adj.
Slide 5: Q2 2011 sales growth of +2.1% ex-petrol at constant exchange rates
Q2 2011 sales growth of +2.1% ex-petrol at constant exchange rates Q2 sales inc. VAT at current Q2 sales inc. VAT at constant exchange rates (€m) exchange rates (€m) 2010 22,059 2010 22,059 Inc. Petrol +1.6% +3.0% 2011 22,409 2011 22,718* 2010 19,900 2010 19,900 Ex. Petrol +0.6% +2.1% 2011 20,019 20
Slide 6: Q2 sales growth offset by negative currency impact
Q2 sales growth offset by negative currency impact Change in Q2 2011 sales, excluding petrol, adjusted for calendar impact (index Q2 2010 = 100; % change) 1.2 (1.1) 0.9 (1.5) 100 101.0 99.5 Calendar Q2 2011 Like sq.m & Q2 2011 Q2 2010 impact const. FX Fx impact for like acquisitions current FX adjus
Slide 7: Ongoing strong growth in Latin America; Persistently challenging environment in Europe
Ongoing strong growth in Latin America; Persistently challenging environment in Europe Change in sales excluding petrol adjusted for calendar impact (%) Q1 2011 Total Q2 2011 LFL (constant exchange rates) 0.2 0.2 France (1.0) (0.6) (4.1) (3.0) Europe (3.8) (3.0) Latin America 13.4 7.3 11.0 6.4 Asia
Slide 8: France: Underperforming in a highly competitive trading environment
France: Underperforming in a highly competitive trading environment Change in Q2 2011 sales, ex-petrol (index Q2 2010 = 100; % change) Channel/Banner Market share YTD share change* 0.4 At total At const. 0.0 At total (1.0) selling selling 100 selling space space space 99.4 Hypermarkets 11.9% -30bp -
Slide 9: Spain: Resilient performance in a persistently difficult economic environment
Spain: Resilient performance in a persistently difficult economic environment Change in Q2 2011 sales, excluding petrol (index Q2 2010 = 100; % change) 100 (2.8) 1.5 (1.6) 97.1 Q2 2010 Like sqm & Calendar Q2 2011 for like acquisitions impact adj. for calendar A resilient performance in a difficult e
Slide 10: Italy: Weak performance in a challenging environment
Italy: Weak performance in a challenging environment Change in Q2 2011 sales, excluding petrol (index Q2 2010 = 100; % change) (2.6) 100 (2.7) (1.9) 92.8 Q2 2010 Like sqm & Calendar Q2 2011 for like acquisitions impact adj. for calendar A weak performance weighed down by store closures (-2.7%) – Hyp
Slide 11: Belgium: Rebound confirmed after successful restructuring
Belgium: Rebound confirmed after successful restructuring Change in Q2 2011 sales, excluding petrol (index Q2 2010 = 100; % change) 7.1 (5.7) (0.4) 100 101.0 Q2 2010 Like sqm & Calendar Q2 2011 for like acquisitions impact adj. for calendar Growth in overall sales (+1.0% ex petrol adjusted for calen
Slide 12: Brazil: Continued growth driven by strong performance of Atacadao
Brazil: Continued growth driven by strong performance of Atacadao 0.7 0 Change in Q2 2011 sales, excluding 99.9 100 (0.8) petrol, at constant exchange rates (index Q2 2010 = 100; % change) Hypers 5.3 (1.1) 110.2 Q2 2010 Like sqm & Calendar Q2 2011 for like acquisitions impact adj. for 6.0 calendar (
Slide 13: China: Continued growth driven by expansion
China: Continued growth driven by expansion Change in Q2 2011 sales, excluding petrol, at constant exchange rates (index Q2 2010 = 100; % change) 0.2 108.3 8.1 0.0 100 Q2 2010 Like sqm & Calendar Q2 2011 for like acquisitions impact adj. for calendar Resilience of food (+3.6%) Significant fall of no
Slide 14: Carrefour Planet: Ongoing promising performance
Carrefour Planet: Ongoing promising performance Stores open for an average of 11 months 4 Planets closest to % LFL sales uplift since % traffic uplift since industrialized model store opening store opening Average 4 original stores(1) Average 4 original stores(1) Vénissieux El Pinar Mostoles Mont St
Slide 15: Expansion: Store openings and rationalization
Expansion: Store openings and rationalization 305 stores opened or acquired in H1 (i.e. 237,000 sqm) of which: – 22 hypermarkets – 52 supermarkets – 229 convenience stores – 2 Cash & Carry 238 stores closed or sold in H1 (i.e. 143,000 sqm) of which: – 7 hypermarkets – 55 supermarkets – 175 convenien
Slide 16: Outlook
Outlook Growth in H1 and Q2 sales in a mixed environment H1 2011 Current Operating Income expected at close to €760m, c.23% below H1 2010 Current Operating Income of €989m excluding DIA H1 decline in Group Current Operating Income largely attributable to France; Emerging countries expected to post s
Slide 17: Carrefour H1 and Q2 2011 sales
Carrefour H1 and Q2 2011 sales 13 July 2011